Inflation is a bitch, and the current status quo cost of living will be exponentially more in the future. What I thought was an unfathomable amount of money in the 90's ($100k / yr, and $1m net worth) is not good now in 2020's. Healthcare in the 90's was $500 / yr and is $1.5k / mo with $5k deductible. Property taxes, utilities, continue to increase. Basic child daycare is $2k / mo after tax.

$300k / yr is the new $100k / yr, and I'd hate to project what it'll be 20 years from now ($2m / yr?)